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12%  
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Keyword: debtdefaults

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  • China's troubled property sector to face more debt defaults

    11/15/2023 10:30:47 AM PST · by george76 · 8 replies
    Reuters ^ | October 20, 2023 | Xie Yu
    A massive $124.5 billion worth of bonds are now in default in the entire $175 billion China property dollar bond sector ... Counting October, there is a total of $60.5 billion worth of Chinese property bonds due in the next 6 months, with offshore bonds taking up at least one third of it .... Country Garden's international bondholders are now seeking urgent talks with the company. Strains have also shown in other companies. State-backed Sino-Ocean Group ... Another major developer Gemdale .. seen its bonds slide after the resignation of its chairman sparked fears that it too may be in...